Julian Howard: The great equity and bond chasm

 Veteran investor Robert Shiller once said: "There's so much disagreement about investing, and it's because nobody really knows." Today, disagreement appears to particularly stark with equity and bond investors divided about the future prospects of the world economy. Taking the US for the sake of simplicity, the S&P 500 has climbed 18.3% this year to 30 August, while the 10-year US Treasury yield has fallen from 2.7% to 1.5%, close to an all-time low. Equities and bond yields are often seen as sentiment indicators and as such, they usually move in tandem. Equities represent the price ...